DEG Staking and veDEG Function
DEG holders can deposit their DEG on Degis platform to earn DEG incentives. Holders can choose current deposit or fixed deposit. As compensation for opportunity cost, fixed depositors can get larger weight for incentives. The total DEG emission in the pool is based on team discretion or governance voting, and is independent of the size of the pool.
Liquidity providers can receive additional DEG tokens from the Boosting Pool by owning veDEG which can be generated by staking DEG. The following shows some rules for veDEG:
- 1 staked DEG generates 0.023 veDEG every hour
- Maximum veDEG held with a deposit is 100 times DEG staked for the deposit
- Upon unstaking DEG, veDEG drops to 0
- veDEG is non-transferable and non-tradeable
The weight function for the boosting pool is defined as:
The total DEG emission in the pool is based on team discretion or governance voting, and is independent of the size of the pool.
Normally, to earn the maximum amount of veDEG costs 6 months' staking. One can choose stake and lock DEG for 12 months, and get the maximum amount of DEG immediately.